Olzhas Begimbetov Headed the Department of Geology and Exploration of the Oil Company “KazMunayGas”
Olzhas Begimbetov has been appointed to the position of Director of the Geology and Exploration Department of JSC OC KazMunayGas, reports MIA Kazinform with reference to the company’s press service. In previous years, Olzhas Begimbetov worked as director of the geological exploration department, director of the resource base development department, …
KazMunayGas and Lukoil Have Formed an Operator for a Joint Project
The national oil and gas company of Kazakhstan KazMunayGas (KMG) and the Lukoil company are completing the procedures for forming the operator Kalamkas-Khazar Operating LLP of the Caspian offshore production project Kalamkas-Sea, Khazar, Auezov, the KMG press service reported. According to the press service, the head of KMG Magzum Mirzagaliev …
Mechanisms to Stimulate Work at Depleted Fields Will be Introduced in the Republic of Kazakhstan
Deputy Duisenbai Turganov commented on the bill on improving the sphere of subsoil use, approved today in the first reading at the plenary meeting of the Mazhilis, a Kazinform correspondent reports. In turn, Vice Minister of Energy Askhat Khasenov said that the number of depleted fields in the country has …
Plans for Oil Production Volumes in Kazakhstan This Year May Not be Fulfilled
Vice Minister of Energy of the Republic of Kazakhstan Askhat Khasenov noted that this year oil production volumes in Kazakhstan may decrease slightly, a Kazinform correspondent reports. According to him, even if the target of 90 million tons is not fulfilled, about 89 million tons of oil can be produced …
Kazakhstan Must Develop Its Own Oil Services – Tokayev
Kazakhstan should create mechanisms for financial support for its oil service companies, said the country’s President Kassym-Jomart Tokayev. “It is necessary to take effective measures to provide bank financing to Kazakh enterprises under signed contracts with oil and gas corporations. Financial regulators need to finally make a decision on this …
The President Instructed to Promote Oil Service Companies of Kazakhstan Abroad
In Akorda, at a meeting with representatives of domestic business, President Kassym-Jomart Tokayev noted that the oil service industry should become an important engine of growth and diversification of the domestic economy, MIA Kazinform reports with reference to the Akorda press service. According to the Head of State, it is …
Kazakhstan in August Lagged Behind the OPEC+ Quota by 100 Thousand b/d
Oil production in Kazakhstan in August 2023 amounted to 1.45 million bpd, according to a review by S&P Global Commodity Insights, citing Platts data. As of August, Kazakhstan’s oil production quota under the OPEC+ deal was 1.55 million bpd. Thus, according to S&P Global Commodity Insights, Kazakhstan in August lagged …
Kazakhstan Plans to Start Operating the Anabay Gas Field by the End of the Year
Chairman of the Board of QazaqGaz Sanzhar Zharkeshov noted that since the beginning of 2022, the company has implemented investment projects worth more than $861 million in the Atyrau and Mangistau regions, as well as in Almaty The Kazakh authorities intend to begin exploitation of the Anabay gas field in …
Production Potential of Kashagan Can Reach 75 Million Tons of Oil per Year – Prime Minister of the Republic of Kazakhstan
Prime Minister of Kazakhstan Alikhan Smailov spoke at a solemn event in honor of the 30th anniversary of the start of the development of the Kazakh shelf of the Caspian Sea with the participation of veterans of the oil and gas industry of the republic, Kazinform reports with reference to …
Daily Oil Production in Kazakhstan has Recovered After the Liquidation of the Energy Accident
Oil production in Kazakhstan over the past day, August 20, amounted to 234.3 thousand tons of oil, according to the materials of the situational and analytical center of the fuel and energy complex under the Ministry of Energy. As explained in the department, production was restored after the liquidation of …